About your Search

20121218
20121218
Search Results 0 to 17 of about 18 (some duplicates have been removed)
on, pressure on the price of oil, indisexposeble incomes and henry joins us now. 2013, what does pressure on the price of oil mean? >> downward, i think. i think what we see is some significant nonopec finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been t
the nation's capital on this. dagen: think those photos are yours and only yours? instagram says it could use your photos in ads, if it wants to. connell: this could cost us. the next on bank account adds. dagen: nicole 5 on the new york stock exchange. nicole: this is unbelievable. we continue to get the headlines out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentia
with us. >> thank you for having me. >> that does it for us today. join us tomorrow. right now it's time for "squawk on the street." >> good tuesday morning. i'm carl with melissa lee, david faber, live from the new york stock exchange. jim cramer is on assignment today. well, are we getting close to a fiscal cliff deal or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperf
versus the dollar on speculation that u.s. lawmakers will reach a deal on the fiscal cliff. why that makes the euro so much stronger, you know, the euro hit intraday high of 1.3238, it is up 1.6% so far this month alone against the greenback. homebuilder confidence jumping to its highest level in more than six and a half years in december. the national association of homebuilder index posting its climbing 2 points to 47 this , month. a lot of optimism today. david: and we have the numbers from oracle. they are out. adam shapiro has been parsing through he numbers. adam: investors will be pleased with oracle. revenue of 9.1 billion, up 3%. and the street was expecting 9.02 billion. one thing i want to tell you from the press release, they are saying that cloud software subscriptions revenues were up 17% to 2.4 billion. and that's one of the things that investors are really paying attention to as oracle goes into that space. david: that is one of the things they are pushing most heavily into. adam, hank you very much. let's get reacts from the chicago mercantile exchange. larry,
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
, that will go up to 4.7 trillion. whatever happens to this deal will not do anything to get us closer to balance the budget or cutting spending. there are no politics organize around it. democrats think we can borrow money at these rates forever and there is no worry about that, and they will be right until the moment they are wrong and if they are wrong, this countries in a world of trouble. melissa: we're looking at raising taxes on the wealthy, still at the same time that is the issue at the forefront it seems it has to be settled first to get any further. do you think they will settle in the middle on families that make more than 400,000, a lot of people think that will be the point in the middle that we end it, what do you think? >> both sides right now according to today and yesterday are circling around each other at pretty close levels, it looks like we're heading towards an agreement. i think it will be somewhere there. republicans will have to take a real take on increasing taxes on the wealthy because perversely because they held the line on taxes for only so long instead of talking a
precipitously. the u.s. dollar, now a dollar 302 by the euro. six months ago. this was more like a dollar 25. deming, the dollar has done really week of the last rebel days, has it not? >> i am really shocked at the euro is doing as well as it is. somewhere down the line there will have to ease. it has been doing this as the whole time. has a lot to do with the fed meeting last week. the special -- perpetual qe and is not doing anything to help the ballot right now. liz: in the end you do want a strong dollar. i know some big multinational space to the u.s. that not only won a weak dollar to make our products cheaper, but i'll talk to carlos about this in a minute. let me get to that nymex. obviously whale is an interesting play, but i you guys talking a lot about this gold price behavior? this is really weird. >> well, it is tied in w dollar. so many people leading the same way. all the sudden you start to see it. stocks got hit and people start to panic. you basically have people that look in to say, you know, this dollar is going to get smacked. the reverse my position. liz: speaking of s
bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago as well. carol, you've been skeptical about this market, but you, if i read you correctly, any rally that's going on right now, you might want to fade. you're not too convinced at the long-term outlook right now, am i right? >> i think what we're going to get. we're going to get a deal, but the deal isn't going to solve our problems, and so in the short term everyone is going to be very, very excited about this. we have a deal. uncertainty is off the table. we're printing money. i think that's going to be very good in the short term. my problem in the longer term is the long-term drag from all of these companies not investing today. they are doing share buybacks, they are doing special divide s dividends. >> right. >> they are not investing in their companies, so in the short term it will be fantastic. i just don't know what's going to happen in the long term
. >> wow. thank you. that disit for us. don't forget to join more fast at 5:00. join me on cnbc. "power lunch" starts now. >> the second half of the trading day starts now. >> fiscal cliff negotiations picking up speed as house speaker boehner unveils his back-up plan. the white house says no thanks. we are going to look at the fiscal cliffrences between the two. private equity firm selling after last week's shooting in connecticut. should investors, rather than the government, take the lead in attempting to influence gun policy? >>> herb greenberg will be out with his list of the worst ceos of the year. in this hour he will reveal number three. my partner sue herera on the floor of the new york stock exchange. hi, sue. >> hi, ty. it's a strong day with a triple digit advance. we have 13 days until america goes off the fiscal cliff. events moving faster in washington. house speaking boehner meeting with party members, moving to plan b. that deals with bush era tax cuts. the white house rejected that. investors like whatever progress we're seeing. s&p 500 at a two-month high. s&p up 1 1/
a sell- off were going to use that as opportunity to step and at least put a little bit of sideline money that our clients have and they have a lot to work. >> reporter: wren has no hesitation recmending his clients use any dip as a buying opportunity. that's because he's confident there will be a deal on the fiscal cliff in janaury. suzanne pratt, "n.b.r.," new york. >> susie: from grandma's cookies to holiday gifts for the little ones, still ahead we're riding along with u.p.s. as the shipping giant kicks off its busiest week of the year. >> tom: two mildly encouraging words were used by a group of economists to describe what next year may bring: stable and moderate. that's the 2013 outlook from the national association of business economics. the organization figures the u.s. economy will grow 2.1%, driven by housing and construction, but with corporate profit growth slowing down. nayantara hensel is the chairman of the national association for business economics. not bad, moderate, stable but certainly not robust here s it? >> no, that's absolutely right, tom. basically again we're for
were trying to work quickly to get this cleaned up because this road is used to get on 280. this whole area was flooded for the past five hours because a hydrant was shooting water into the air. here is a look at this guiser. officers say just before 1:00 a.m., the driver lost control and hit the fire hydrant and kept driving. police caught up with him and arrested him for suspected dui. it took several hours for public work crews to shut off the water because they had a hard time getting to the valve. >> at first, the guiser was about 50 feet high. it was a constant stream of water. it flooded the roadways where we stopped traffic going westbound and we had to block off eastbound traffic as well so the cars would not hydroplane or anything like that. >> reporter: the driver is 22 years old of woodside. police say he was cooperative. public work crews spent the morning mopping up the water and the debris and securing the hydrant of the police were using the parking lot to detour around the flooded area. back out here live, this intersection at sandhill and el camino is back open. you c
and the president are already using disasters and war spending as loopholes to avoid making tough cuts. >> they are doing that on the one side, then proposing additional stimulus spending on the other side, and then claiming that sometime next year they'll come up with some savings. that's a very troubling formula to me. >> reporter: if a grand bargain doesn't come together in the next few days, we may fall off the fiscal cliff and then wait for a new congress to put the pieces back together in the new year. darren gersh, "n.b.r.," washington. >> susie: well, roger altman is confident democrats and republicans will strike a deal and avoid falling off the fiscal cliff. he was deputy treasury secretary in the clinton administration and is now executive chairman and founder of evercore partners. >> susie: roger, so great to have you back on "nightly business report." >> thank you, susie. >> susie: nice to see you. why are you so optmistic there is going to be a fiscal cliff deal? >> i would cite two broad reasons, and then a few reasons specific to the negotiations. first on the broadside
crisis is upon us. which means there will be more money going to building and fixing up homes in 2013 than there was in 2012. so that means there will be up comparisons, and that's good. there will be sure to buy housing-related play into the fiscal cliff jump if we get one next week. oh, and i'm including banks. they've really taken off here, too. in large part that is because the housing crisis is over. how about the rest of the world's growth? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. that's still the case. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a depression? i think they'll have slow growth for years. we know a ton of countr
Search Results 0 to 17 of about 18 (some duplicates have been removed)

Terms of Use (10 Mar 2001)